FA News

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LPL Financial’s President Robert Moore Leaves For U.K. Asset Manager

by FA Staff

Robert Moore has resigned and CFO Dan Arnold will replace him as president effective March 13.

Congressional Caucus To Focus On Needs Of Caregivers And Their Families

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A new bipartisan Congressional caucus has been formed to bring more attention to the needs of people caring for elderly parents or disabled children or spouses.

McGinnis Insists AIG Recruiters Consider As Many Women As Men For FAs

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That's one of the efforts AIG execs are undertaking to increase the number of advisors who are women.

IPhone App Robinhood Luring Users With Zero-Commission Trading

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The pitchman for Robinhood, the no-fee stock brokerage, looks a little like actor Seth Rogen: bearded, chubby, and, to some viewers, possibly stoned.

The Old-Age Bill That’s Crushing Genworth

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Here’s an uncomfortable question: who’s going to pay for mom or dad’s nursing home bill -- or yours, for that matter? The answer, for about 1.2 million Americans, is Tom McInerney.

U.S. CEOs Modestly More Upbeat On Economy, Spending

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U.S. chief executive officers are modestly more upbeat about the economy and almost half plan to increase capital spending over the next six months, a business group survey said on Tuesday.

Corporate-Bond Market Poses Systemic Risk, SEC’s Gallagher Says

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A lack of liquidity in corporate-bond markets could pose a “systemic risk” to the economy when interest rates rise, U.S. Securities and Exchange Commission member Daniel Gallagher said.

Bill Gross Says He’s Got Up To Four Years To Re-Establish Record

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Bill Gross said he’ll keep trading for the next two to four years to prove he can still beat the market.

Genworth Reports Material Weakness As Long-Term Care Costs Mount

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Genworth Financial Inc., the insurer that posted two straight quarterly losses tied to reserve shortfalls at its long-term care unit, said it has a material weakness in its accounting.

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